Ontario Sticks To Balanced Budget Goal Despite Revenue Drop

The heavily indebted province of Ontario is sticking to its guns, fiscally speaking.

The government of Ontario still believes it can achieve a balanced budget in the 2017-18 fiscal year despite falling an estimated 509 million Canadian dollars ($450 million) short of its expected revenues for the current fiscal year, which ends next March.

The province, Canada’s most populous and home to about 40% of its gross domestic product, released is annual fiscal and economic update Monday.